9514 1404 393
Answer:
0.06164
Step-by-step explanation:
The effective annual rate obtained by compounding nominal annual rate r monthly is ...
eff rate = (1 +r/12)^12 -1
Then the value of r is ...
r = 12×((eff rate) +1)^(1/12) -1)
For the given effective rate, that is ...
r = 12×(1.06341^(1/12) -1) ≈ 0.06164 . . . . nominal annual interest rate
Answer:
V≈2412.74
Step-by-step explanation:
answer:
a. scarf costs today = $6
b. scarf costs 3 days from now = $3
step-by-step explanation:
- 1/2 off means you would multiply the amount by 1/2 then subtract
a. original price of scarf: $12
12 X 1/2 = 6
12 - 6 = 6
— scarf costs today = $6
- do the same thing but this time it is a different number
b. 12 X 3/4 = 9
12 - 9 = 3
— scarf costs 3 days from now = $3
You need to give options for future reference
Answer:
I believe the first and last choice is correct.
~ hope I'm correct, if not I'm sorry~
Step-by-step explanation: